ION Geophysical (NYSE: IO ) is expected to report Q3 earnings around Nov. 2. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ION Geophysical's revenues will grow 40.4% and EPS will grow 133.3%.
The average estimate for revenue is $162.4 million. On the bottom line, the average EPS estimate is $0.14.
Last quarter, ION Geophysical tallied revenue of $105.2 million. GAAP reported sales were 19% higher than the prior-year quarter's $88.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.08. GAAP EPS of $0.08 for Q2 were 300% higher than the prior-year quarter's $0.02 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 43.7%, 570 basis points better than the prior-year quarter. Operating margin was 12.3%, 240 basis points better than the prior-year quarter. Net margin was 11.8%, 850 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $556.5 million. The average EPS estimate is $0.45.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 738 members out of 778 rating the stock outperform, and 40 members rating it underperform. Among 168 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 161 give ION Geophysical a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ION Geophysical is outperform, with an average price target of $11.00.
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